In our latest distillate market commentary:
> AG and WCI diesel arbs point East whilst Asian jet arbs are almost all closed to Europe
> Global diesel cracks continue their downward trend and April European jet moves into contango; we expect some jet floating storage towards the end of March
> Global manufacturing still shows signs of a struggling recovery with matching effects on diesel demand outlooks
> Asian (short term) and European (medium term) diesel appear to have some more weakness to come, while a neutral to bullish view holds for US diesel
